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Japan to release emergency rice reserves to fight runaway inflation
Japan to release emergency rice reserves to fight runaway inflation
Economy
by  AFP

The Japanese government said Friday it will release a fifth of its emergency rice stockpile after hot weather, poor harvests and panic buying over a "megaquake" warning nearly doubled prices over a year. To prevent the distorting effect, the government is required to buy back the same amount of rice it released within a year.